Friday 31 October 2014
 
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residential

Omniyat starts work on $680m Dubai residential project

Leading developer Omniyat has started work on its Dh2.5-billion ($680 million) project One at Palm Jumeirah, a 25-storey structure which is set to become the single tallest residential property on the Palm islands in Dubai, UAE. Designe

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Aldar’s new residential towers fully leased

Aldar Properties, Abu Dhabi's leading listed property development company, has announced that two of its new residential towers on Al Reem Island are fully leased after being on the market for just under a year. The Gate and A

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Dubai residential rentals, sales price slow down

Dubai’s real estate sector witnessed further stabilisation and a slowing down of both rental rates and sales prices of apartments and villas in the third quarter, said a report. The downward trend continued for the third qua

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Turkish-UAE venture launches new residential project

Ideal Sapanca, a Turkish and UAE entrepreneurship company, has announced the launch of its Dh55.2-million ($15 million) FCC Sapanca Residences project, that will offer 75 full lake view apartments in Turkey. The FCC Sapanca Reside

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Saudi Arabia mulls new firm to develop holy sites

Saudi Arabia may set up a fully government-owned company to develop the sites and construct residential buildings on Mina mountains in the Western province, said a report. The Haj ministry has proposed the establishment of the new

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Abu Dhabi residential rents stabilise in Q3

The residential rents in the UAE capital Abu Dhabi have started showing signs of stabilisation rising two per cent in the third quarter after a very strong first half, during which period rentals grew by an average of 12 per cent, said a report.

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Abu Dhabi residential market posts solid Q3 growth

The residential market in Abu Dhabi, UAE,  witnessed solid growth in the third quarter driven by positive investor sentiment and population growth and potential future under-supply, said a report. The sales prices for both apartmen

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Oman residential market stable in Q3

The rental market has stabilised in Oman's capital Muscat with no change experienced in the average rents of two- and three-bedroom apartments during the third quarter, said a report. The rental value growth for two- and three

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Dubai residential rents edge up in August

There was a slight increase in the residential rental market in Dubai during August with the apartment rental prices up 24.1 per cent and villa prices up 9.4 per cent on a year-on-year (y-o-y) basis, said a report. The Dubai Resid

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Cairo real estate sees return of active demand

The third quarter of the year saw increased confidence in Cairo’s real estate market against an improving economic backdrop, and demand remained relatively active across all segments, a report said. Developers are moving for

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